Q. Consider the following statements regarding the Mineral Security Partnership (MSP):
1.It aims to ensure critical minerals are produced, processed, and recycled responsibly.
2.Russia is one of the member countries of MSP.
3.Iron ore is one of the critical minerals targeted by MSP.
Which of the statement(s) given above is/are correct?
Explanation –
Statement 1 is correct. The MSP aims to ensure that critical minerals are produced, processed, and recycled in a responsible manner that supports the economic development of countries while adhering to high environmental, social, and governance (ESG) standards.
Statements 2 and 3 are incorrect. Russia is not a member of the MSP. The current members include Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, South Korea, Sweden, Norway, the United Kingdom, the United States, and the European Union. Iron ore is not one of the critical minerals targeted by the MSP. The MSP focuses on minerals such as cobalt, nickel, lithium, rare earth elements (REEs), and other minerals essential for clean energy technologies, electric vehicles, and advanced electronics.
Source: The Hindu
